Shinhan Financial Group Co., Ltd. (NYSE:SHG) Stock Position Trimmed by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 76,545 shares of the bank’s stock after selling 2,338 shares during the period. Ritholtz Wealth Management’s holdings in Shinhan Financial Group were worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FSC Wealth Advisors LLC acquired a new position in shares of Shinhan Financial Group during the third quarter worth approximately $76,000. GAMMA Investing LLC boosted its position in Shinhan Financial Group by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after acquiring an additional 621 shares during the period. Waldron Private Wealth LLC bought a new position in shares of Shinhan Financial Group in the third quarter worth $126,000. Allspring Global Investments Holdings LLC grew its stake in shares of Shinhan Financial Group by 34.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after purchasing an additional 789 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Shinhan Financial Group during the third quarter valued at $202,000. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

SHG stock opened at $34.54 on Friday. The company has a 50-day simple moving average of $36.05 and a 200 day simple moving average of $39.28. The company has a market capitalization of $17.39 billion, a P/E ratio of 5.42, a PEG ratio of 0.49 and a beta of 0.95. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $27.31 and a fifty-two week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The company had revenue of $3.11 billion during the quarter. Sell-side analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal year.

About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.